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In an effort to further create value the General Partner plans to seek expertise before making either minority or majority investments. The General Partner expects to gain insights from external sources and the target company's board and management.
The General Partner will craft its own value creation plan and juxtapose it to Operating Partner's plan. The assessment of both plans will provide a roadmap for the way forward and assess whether both plans can be reconciled. The General Partner's plan will be subject to continual review and revision. The plan is expected to contain a performance management system whereby plan implementation will be assessed at key junctures during the investment period.
The General Partner will devote a substantial amount of time to the early stages of deals. These early efforts serve to question assumptions, to assess Operating Partner's ability to implement key initiatives that will accord value to the firm and detail management's responsibilities and priorities.
The General Partner will also devote a substantial amount of time to the early stages of a completed deal to assess whether management needs to be changed. The General Partner will also assess at the early stages of a transaction whether management needs to be complemented by external sources or changed all together.